HELICO: what changed
What changed
HELICO
NACE 25.120, Manufacture of fabricated metal products, except machinery and equipment
filed annual accounts (NBB)
Net result for the year
€82,399
2024 · €13,123+€69,276
Equity
€407,449
2024 · €325,050+€82,399
Cash
€117,086
2024 · €212,724-€95,638
Balance sheet total
€929,707
2024 · €825,396+€104,311
Largest movements
Assets
- Receivables within one year +€117,188
up €117,188 (+37.3%), from €313,944 to €431,132
of which Trade receivables: +€173,654
- Cash -€95,638
down €95,638 (-45.0%), from €212,724 to €117,086
mainly Receivables within one year (-€117,188) and Stocks and contracts (-€69,758)
- Stocks and contracts +€69,758
up €69,758 (+72.1%), from €96,790 to €166,548
Equity and liabilities
- Profit (loss) carried forward +€82,399
up €82,399 (+66.1%), from -€124,681 to -€42,282
- Trade debts +€27,245
up €27,245 (+15.9%), from €171,513 to €198,758
- Tax, wage and social debts -€26,063
down €26,063 (-26.4%), from €98,572 to €72,508
of which Remuneration and social security: -€26,791
- Debts after one year +€13,994
up €13,994 (+83.0%), from €16,867 to €30,861
Income statement
- Gross operating margin +€92,104
up €92,104 (+13.3%), from €691,659 to €783,763
- Staff costs -€54,459
down €54,459 (-8.7%), from €623,526 to €569,067
- Financial charges +€48,051
up €48,051 (+377%), from €12,730 to €60,781
- Taxes +€37,485
up €37,485 (+2,292%), from €1,635 to €39,121
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€13,123
Gross operating margin
+€92,104
Staff costs
+€54,459
Depreciation
-€611
Other operating charges
+€7,588
Financial income
+€1,273
Financial charges
-€48,051
Taxes
-€37,485
Result 2025
€82,399
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€78,551
Investment
-€37,254
Financing
+€20,166
Cash 2024
€212,724
From operations (derived)
-€78,551
Net result for the year
+€82,399
Depreciation
+€30,640
Stocks and contracts
-€69,758
Receivables within one year
-€117,188
Deferred charges and accrued income
-€6,389
Trade debts
+€27,245
Tax, wage and social debts
-€26,063
Other debts
+€668
Accrued charges and deferred income
-€104
Investment (derived)
-€37,254
Investment in fixed assets (net)
-€37,645
Current investments
+€391
Financing
+€20,166
Debts after one year
+€13,994
Current portion of long-term debt
+€6,172
Cash 2025
€117,086
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €825,396 | €929,707 | +€104,311 | +12.6% |
| Fixed assets | 21/28 | €176,441 | €183,446 | +€7,005 | +4.0% |
| Tangible fixed assets | 22/27 | €175,672 | €182,676 | +€7,005 | +4.0% |
| Land and buildings | 22 | €133,392 | €125,813 | -€7,579 | -5.7% |
| Plant, machinery and equipment | 23 | €7,167 | €4,302 | -€2,866 | -40.0% |
| Furniture and vehicles | 24 | €35,112 | €52,562 | +€17,450 | +49.7% |
| Financial fixed assets | 28 | €769 | €769 | = | 0.0% |
| Current assets | 29/58 | €648,955 | €746,261 | +€97,306 | +15.0% |
| Stocks and contracts in progress | 3 | €96,790 | €166,548 | +€69,758 | +72.1% |
| Stocks | 30/36 | €96,790 | €166,548 | +€69,758 | +72.1% |
| Amounts receivable within one year | 40/41 | €313,944 | €431,132 | +€117,188 | +37.3% |
| Trade receivables | 40 | €226,858 | €400,513 | +€173,654 | +76.5% |
| Other amounts receivable | 41 | €87,086 | €30,619 | -€56,466 | -64.8% |
| Current investments | 50/53 | €3,222 | €2,831 | -€391 | -12.1% |
| Cash at bank and in hand | 54/58 | €212,724 | €117,086 | -€95,638 | -45.0% |
| Deferred charges and accrued income | 490/1 | €22,274 | €28,664 | +€6,389 | +28.7% |
| Total equity and liabilities | 10/49 | €825,396 | €929,707 | +€104,311 | +12.6% |
| Equity | 10/15 | €325,050 | €407,449 | +€82,399 | +25.3% |
| Contributions | 10/11 | €137,100 | €137,100 | = | 0.0% |
| Reserves | 13 | €312,631 | €312,631 | = | 0.0% |
| Distributable reserves | 133 | €312,631 | €312,631 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€124,681 | -€42,282 | +€82,399 | +66.1% |
| Amounts payable | 17/49 | €500,346 | €522,257 | +€21,912 | +4.4% |
| Amounts payable after more than one year | 17 | €16,867 | €30,861 | +€13,994 | +83.0% |
| Financial debts | 170/4 | €16,867 | €30,861 | +€13,994 | +83.0% |
| Amounts payable within one year | 42/48 | €483,375 | €491,396 | +€8,021 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €207,557 | €213,729 | +€6,172 | +3.0% |
| Trade debts | 44 | €171,513 | €198,758 | +€27,245 | +15.9% |
| Suppliers | 440/4 | €171,513 | €198,758 | +€27,245 | +15.9% |
| Taxes, remuneration and social security | 45 | €98,572 | €72,508 | -€26,063 | -26.4% |
| Taxes | 450/3 | €48,384 | €49,112 | +€728 | +1.5% |
| Remuneration and social security | 454/9 | €50,187 | €23,396 | -€26,791 | -53.4% |
| Other amounts payable | 47/48 | €5,733 | €6,401 | +€668 | +11.7% |
| Accrued charges and deferred income | 492/3 | €104 | - | -€104 | |
| Non-recurring operating income | 76A | €7,449 | €590 | -€6,859 | -92.1% |
| Remuneration, social security and pensions | 62 | €623,526 | €569,067 | -€54,459 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,029 | €30,640 | +€611 | +2.0% |
| Other operating charges | 640/8 | €12,322 | €4,734 | -€7,588 | -61.6% |
| Gross operating margin | 9900 | €691,659 | €783,763 | +€92,104 | +13.3% |
| Operating profit (loss) | 9901 | €25,782 | €179,322 | +€153,540 | +596% |
| Financial income | 75/76B | €1,706 | €2,979 | +€1,273 | +74.6% |
| Recurring financial income | 75 | €1,706 | €2,979 | +€1,273 | +74.6% |
| Financial charges | 65/66B | €12,730 | €60,781 | +€48,051 | +377% |
| Recurring financial charges | 65 | €12,730 | €60,781 | +€48,051 | +377% |
| Profit (loss) for the period before taxes | 9903 | €14,758 | €121,520 | +€106,761 | +723% |
| Income taxes | 67/77 | €1,635 | €39,121 | +€37,485 | +2,292% |
| Profit (loss) for the period | 9904 | €13,123 | €82,399 | +€69,276 | +528% |
| Profit (loss) for the period to be appropriated | 9905 | €13,123 | €82,399 | +€69,276 | +528% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.